Vanguard Group Inc. Grows Position in Ducommun Incorporated $DCO

Vanguard Group Inc. raised its holdings in Ducommun Incorporated (NYSE:DCO) by 2.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 842,368 shares of the aerospace company’s stock after acquiring an additional 19,143 shares during the period. Vanguard Group Inc. owned approximately 0.06% of Ducommun worth $80,134,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. B. Metzler seel. Sohn & Co. AG purchased a new stake in shares of Ducommun in the 4th quarter valued at about $1,786,000. Teacher Retirement System of Texas raised its holdings in shares of Ducommun by 17.2% in the 4th quarter. Teacher Retirement System of Texas now owns 72,017 shares of the aerospace company’s stock valued at $6,851,000 after acquiring an additional 10,556 shares in the last quarter. State of Alaska Department of Revenue raised its holdings in shares of Ducommun by 395.5% in the 4th quarter. State of Alaska Department of Revenue now owns 4,078 shares of the aerospace company’s stock valued at $387,000 after acquiring an additional 3,255 shares in the last quarter. Aberdeen Group plc raised its holdings in shares of Ducommun by 7.2% in the 4th quarter. Aberdeen Group plc now owns 218,433 shares of the aerospace company’s stock valued at $20,780,000 after acquiring an additional 14,721 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. raised its holdings in shares of Ducommun by 9.9% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 42,989 shares of the aerospace company’s stock valued at $4,090,000 after acquiring an additional 3,857 shares in the last quarter. Hedge funds and other institutional investors own 92.15% of the company’s stock.

Ducommun Stock Performance

Shares of NYSE DCO opened at $151.18 on Thursday. The stock has a market cap of $2.28 billion, a price-to-earnings ratio of -64.06 and a beta of 1.06. The company has a current ratio of 3.50, a quick ratio of 2.47 and a debt-to-equity ratio of 0.45. Ducommun Incorporated has a 1-year low of $65.16 and a 1-year high of $153.96. The stock’s 50-day moving average is $133.75 and its 200 day moving average is $114.06.

Ducommun (NYSE:DCO) last announced its quarterly earnings data on Tuesday, May 12th. The aerospace company reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.07. The company had revenue of $209.02 million for the quarter, compared to analysts’ expectations of $199.61 million. Ducommun had a positive return on equity of 8.40% and a negative net margin of 4.11%.Ducommun’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period last year, the firm posted $0.83 EPS. On average, sell-side analysts anticipate that Ducommun Incorporated will post 4.01 EPS for the current fiscal year.

Insider Transactions at Ducommun

In related news, Director Richard A. Baldridge sold 10,440 shares of the firm’s stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $130.83, for a total transaction of $1,365,865.20. Following the transaction, the director directly owned 20,100 shares in the company, valued at $2,629,683. This trade represents a 34.18% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 5.00% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. B. Riley Financial raised their price target on Ducommun from $155.00 to $187.00 and gave the company a “buy” rating in a report on Wednesday. Royal Bank Of Canada raised their price target on Ducommun from $150.00 to $155.00 and gave the company an “outperform” rating in a report on Wednesday. Wall Street Zen cut Ducommun from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Truist Financial raised Ducommun to a “strong-buy” rating in a report on Friday, May 1st. Finally, The Goldman Sachs Group raised their price objective on Ducommun from $134.00 to $151.00 and gave the company a “buy” rating in a report on Monday, April 20th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $154.00.

About Ducommun

Ducommun Incorporated, through its Electronics and Structures segments, provides engineered products and integrated systems for the global aerospace, defense and space markets. The Electronics segment focuses on high-reliability electronic assemblies, cable and wire harnesses, connector systems and harsh environment electronics for flight-critical applications. In the Structures segment, Ducommun manufactures complex metallic and composite components such as flight control surfaces, skin panels, heat exchangers and other aerostructures for commercial and military platforms.

Founded in 1849 in California as a hardware and stagecoach parts supplier, Ducommun expanded into aerospace manufacturing during World War II and has since grown its capabilities through targeted acquisitions and organic investments.